US Treasury Secretary Bessents says cap on credit card interest at 10% for on year would would help allow Americans to recover from past inflation; The spread of mortgages versus Treasuries is the lowest in years
The proposal for a 10% cap on credit card interest is a significant regulatory move aimed at easing financial burdens on consumers as they recover from high inflation.
US Treasury Secretary Bessent says Trump made clear digital dollar is "anathema" to him
BLS reschedules Jan. employment report for Feb. 11th; reschedules Dec. job openings and labour turnover report for Feb. 5th; reschedules Jan. CPI to Feb. 13th
US Treasury Secretary Bessents says cap on credit card interest at 10% for on year would would help allow Americans to recover from past inflation; The spread of mortgages versus Treasuries is the lowest in years
Wolfpack short IonQ (IONQ)
Major automakers want changes to Trump administration fuel economy proposal, but support plan to drastically reduce stringency
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
Additionally, the noted narrowing of the mortgage versus Treasury spread indicates a potential shift in borrowing costs which could impact housing market dynamics and consumer financing decisions. This could influence broader market sentiment regarding inflation and monetary policy direction.
Related headlines
- China's Vice-Premier Ding Xuexiang meets with Russia's President Putin in Vladivostok12 hours ago
- Iran's President says Iran is to increase gasoline prices; Iran is ready for cooperation and understanding with regional countries, including Saudi Arabia and the UAE.5 days ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO and HPE fall on outlooks; SNOW surges on earnings beat24 min ago
- Fed's Waller (voter) to support holding policy rate steady at September FOMC meeting if August inflation data shows continued progress48 min ago
- NBP member Duda expects rates to stay unchanged through at least end-2026, with any cut dependent on inflation stabilising at the 2.5% target; notes of a possible temporary rise above 3.5% next year1 hour ago
- German S&P Global Services PMI Final (Aug) 49.7 vs. Exp. 48.5 (Prev. 49.8)5 hours ago
- Turkish CPI (Aug MM) 1.84% vs. Exp. 1.93% (Prev. 1.78%)6 hours ago
- Turkish CPI (Aug YY) 31.51% vs. Exp. 31.62% (Prev. 31.75%)6 hours ago
- Swiss CPI (Aug MM) 0.4% vs. Exp. 0% (Prev. -0.1%)6 hours ago
- Swiss CPI (Aug YY) 0.8% vs. Exp. 0.5% (Prev. 0.4%)6 hours ago
- RBNZ Governor Breman says gradual removal of monetary stimulus appropriate to return inflation to target while still supporting growth and employment17 hours ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 1 TICK HIGHER AT 107-1317 hours ago
- US FX WRAP: Yen surges on no headline catalyst, with Kiwi weighed post-RBNZ17 hours ago
- BoC Governor Macklem says inflation is too high, inflation is very concentrated in gasoline and oil prices; risks are shifting, prepared to adjust monetary policy as needed22 hours ago
- Banxico Deputy Governor Heath says recent inflation data is very good, but not a victory1 day ago
- [MARKET ANALYSIS] USTs are flat, whilst Bunds and Gilts are pressure by elevated gas prices1 day ago
- [MARKET ANALYSIS] Crude takes a breather following another night of US-Iran hostilities; metals feel no reprieve1 day ago
- Brazilian IPC-Fipe Inflation (Aug MM) 0.01% (Prev. -0.03%)1 day ago
- RBNZ raised the OCR by 25bps to 2.75%, as expected, while the Committee judges that gradually removing monetary stimulus is appropriate to return inflation to the 2% target mid-point while supporting growth and employment1 day ago
- South Korean CPI (Aug MM) 0.2% vs. Exp. 0.3% (Prev. -0.2%)1 day ago
The whole workspace, free to try.
Try it free